A blockchain only guarantees that calculations are done in a certain way, not that the input data is correct. That same problem also existed before the blockchain as you can see with e.g. Amazon reviews and fake news. Traditionally that problem was solved by having a centralized authority that decides on what input data is correct and what isn't, but that, of course, comes with the usual problems of centralization and monopolies, and also, doesn't seem to work well at scale (as you can again see with the crumbling Amazon review system).
While the criticism in the blog post at blockchain as a technology is misdirected in my opinion (and maybe even purposefully misunderstanding what problems blockchains solve), I think the main problem of "shit in - shit out" is a very interesting and important one, even more so in decentralized systems where you don't have the crutches of a centralized verifier available.
However, I'm pretty optimistic that that problem can even be solved with the help of blockchain. I hoped that I wouldn't have to plug our project[0] before we have anything published, but this seems too close of a topic to pass up. Over the next few weeks, we will be publishing both code for our first testnet and our whitepaper for a decentralized information verification system that aims to solve the problems laid out in this blog post, that we worked on for quite some time.
[0]: https://rlay.com
While the criticism in the blog post at blockchain as a technology is misdirected in my opinion (and maybe even purposefully misunderstanding what problems blockchains solve), I think the main problem of "shit in - shit out" is a very interesting and important one, even more so in decentralized systems where you don't have the crutches of a centralized verifier available.
However, I'm pretty optimistic that that problem can even be solved with the help of blockchain. I hoped that I wouldn't have to plug our project[0] before we have anything published, but this seems too close of a topic to pass up. Over the next few weeks, we will be publishing both code for our first testnet and our whitepaper for a decentralized information verification system that aims to solve the problems laid out in this blog post, that we worked on for quite some time.
[0]: https://rlay.com